Managing receipts just got easier. Toronto’s Sensibill has launched eReceipts, a mobile receipt management solution, through a partnership with Scotiabank.
The new Big Bank-backed feature allows customers to store, organize, and retrieve important paper and electronic receipts as an extension of the services offered through their mobile banking application and Wallet. Scotiabank is the first such Canadian bank to roll out the new solution.
The service is available to Android and iOS users by updating the app.
“We believe that eReceipts is the next killer app for mobile banking. Receipts are cumbersome to deal with, but they are important to save for taxes, expense tracking, returns, warranty claims and more,” says Corey Gross, CEO of Sensibill.
Sensibill leverages IBM Cloud for a secure infrastructure to meet the requirements of partner banks.
Though there are other solutions in market that offer receipt capture, Sensibill is the first to enable item-level contextualization. Machine-learning extracts and structures information about each item, such as product names and SKUs.
“Value-added services like eReceipts directly align with our commitment to provide mobile banking solutions that exceed the needs of our customers,” says Brian McCabe, Vice President of Day to Day Banking at Scotiabank.